INTRADAY Stock (Based on Candle stick pattern)

WEDNESDAY 22-JAN-2025

HDFCLIFE (closing @622.90)
Bearish candle formation in daily chart .Break and sustain below previous session Low may lead to further downside. Stock has broken support  around 625. Stock is around RSI 50  and respecting close around 20 EMA

While practicing Keep around 1% Target from Entry point and 1% SL to maintain risk management-Trail always to remain safe

(wait for the 5 min candle to close above/close below the given level then Observe)

 

CRUDEOIL FEB FUT (closing @ 6556)

As per mathematical calculation Here is below values which can be Observed

Bull zone - above 6589

Bear zone- below 6523

While practicing Keep around 20 Points Target from Entry point and SL @ Closing Price 
(around closing value of previous day as mentioned) 
to maintain risk management-Trail always to remain safe
(wait for the 15 min candle to close above/close below the given level then Observe)

(Note:Only for Observation Learning purpose)

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Note:

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

WE ARE NOT ADVISORY or TIPS PROVIDERS
we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose
Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50